From an economic perspective, the widespread impacts would be...
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Cat bonds see rapid influx of investors
Plenum estimates that the volume of catastrophe bonds in funds...
Industry should realign itself keeping political strategic policies in mind Nirmala Sitharaman
"Supply chains will have to be restored but you would have to reset...
Hackers target groups in COVID-19 vaccine distribution, says IBM
IBM’s cybersecurity unit said it had detected an advanced group of hackers working to gather information about different aspects of the cold chain, using meticulously crafted booby-trapped emails sent in the name of an executive with Haier Biomedical, a Chinese cold chain provider that specializes in vaccine transport and biological sample storage.
RBI puts curbs on HDFC Bank’s digital, credit card operations
The Reserve Bank of India has asked the bank’s board to examine the lapses and fix accountability, the lender said in a stock exchange filing on Thursday.
RIMS and Max Life join hands to promote risk management awareness in India
Themed “Building Antifragility: From Crisis to Opportunity,” the virtual RIMS Risk Forum India 2020 will explore the challenges businesses have encountered during the global pandemic and strategies that have empowered some to remain resilient and emerge stronger. Scheduled for December 4, 5, the event will feature remarks from India’s most renowned risk management thought-leaders and business strategist. For more information about the Forum, visit www.RIMS.org/RFIndia
Facebook bans false claims about COVID-19 vaccines
“This could include false claims about the safety, efficacy, ingredients or side effects of the vaccines. For example, we will remove false claims that COVID-19 vaccines contain microchips,” the company said in a blog post. It said it would update the claims it removes based on evolving guidance from public health authorities.
Rusty pilots making flying errors is next aviation headache
“Regular flying keeps your mind in the cockpit,” said Mohan Ranganathan, an aviation safety consultant who was an adviser to India’s Directorate General of Civil Aviation. “Being away from flying for such a long time brings in some complacency. Add loss of income, uncertainty about jobs or the future of the airline, that brings in additional stress. With an increase in stress levels, proficiency drops.”
Odisha launches single emergency helpline ‘112’
The ‘112’ integrates emergency services such as police, ambulance, fire department and women’s helpline under a Centre-sponsored scheme that is already functional in several states, officials said.
Charles Taylor appoints Bobby Gracey as global head of fraud
Damain Ely, CEO, Charles Taylor Adjusting, said “As Insurers across the world look to control claims costs, the conditions for a greater level of claims fraud can increase, so developing counter fraud capabilities becomes essential. This is the time to support our clients further by developing our counter fraud expertise. Bobby has demonstrated his strong knowledge and experience, making him the obvious choice to lead our global fraud function. We are delighted that he is joining us.”
Aon launches digital cyber insurance for small and middle market businesses
CHICAGO, : Aon plc today announced the launch of a digital insurance solution for small and middle market businesses. With this new offering, businesses across a wide spectrum of industries can go through the full end-to-end process of buying and...
SC rejects Chanda Kochhar’s appeal against HC order dismissing her plea over termination
“What about my (Kochhar’s) reputation,” Rohatgi argued.
The bench observed, “You can claim damages if your reputation is tarnished and if it was wrong.”
Rohatgi said, “everything cannot be damages” and RBI can be asked to explain its approval as RBI has no jurisdiction to give post-facto approval.
Hyundai, Kia Motors agree to $210 million auto safety civil penalty in US
Kia agreed to create a new U.S. safety office headed by a chief safety officer and each automaker will retain an independent, third-party auditor who will directly report to NHTSA and will conduct a comprehensive review of the company’s safety practices. Hyundai’s consent order will last three years, while Kia’s is for two years, but both can be extended by one year.